Hothouse graduate Movidia scoops London Award
Hothouse graduate Movidia scoops ‘Best Technology Innovation’ at Mobile Content Awards in London
MA1110 recognized for contribution to enhancing user video editing experiences for mobile social networking applications
London – September 11th, 2009 – Hothouse graduate company Movidia, a fabless semiconductor company, collected the coveted gold Mobile Content Award for ‘Best Technology Innovation’. Movidia was rewarded for its MA1110 multimedia processor which uniquely enables users to edit their video and apply sophisticated video effects in real-time on a mobile device.
The Mobile Content Awards were hosted by Visiongain Research at a live ceremony at The Charing Cross Hotel in central London and recognized companies who have made significant progress over the last year within the mobile content sector. With hundreds of submissions and only three winners in each of the 13 categories, the awards acknowledge those who best demonstrate ease of use and mobility, quantifiable business benefits, proven success in the market and overall achievement of original objectives.
Movidia’s MA1110 is the first processor in the world to allow users to perform complex video post-production on a mobile phone in real time. Using Movidia proprietary signal processing technology, this chip can perform highly complex video-editing tasks such as real time image stabilization, super resolution zoom, slow motion and color matching, and is targeted at the growing market for mobile social networking phones.
Accepting the award at the prestigious event, Bob Tait, Marketing Director at Movidia commented, “It is an honor for Movidia to win this prestigious award and a credit to the great team we have built around the world and the vision of our founders. We’re obviously thrilled that our mobile video editing technology is getting such widespread recognition. The MA1110 is a game-changer in terms of the way video content is generated and disseminated. Our technology is designed to empower the user to shoot and edit video anywhere and at any time for publishing to popular social networking sites. We’re already achieving success with our mobile handset customers and creating new synergies with mobile content providers to build new business models for the industry and look forward to adding to those partnerships following this Award.”
Sean Mitchell, CEO, Movidia, was presented with the Hothouse ‘Lead Entrepreneur Award’ at the 2007 Hothouse graduation and showcase event in Croke Park. Speaking about the programme recently Sean said “The Hothouse programme provided us with a powerful framework on which to develop our business, including access to industry experts, access to office space, excellent guidance on business plan development and the invaluable peer support of 15 other entrepreneurs in similar circumstances. The programme was a great launch-pad for Movidia starting out.”
Movidia has offices in Dublin and Hong Kong, with a substantial software development centre in Romania. Movidia is venture backed, with investors including: Celtic House Venture Partners, Capital-E, Emertec Gestion, AIB Seed Capital Fund and Enterprise Ireland.
For more information on Movidia, visit: http://www.movidia.com